Are you planning to sell your rental property soon?
After you put in the hard work and money to find the right rental house, get it fixed up, and get it rented out, it might feel like you’ve done all you can do to make the investment profitable.
But there are a few smart investments you can make to improve your property’s value and continue to turn a profit on it down the line.
Keep reading to learn more.

1. Installing Energy-Efficient Appliances
Energy-efficient appliances use less energy than their traditional counterparts. This will help to reduce utility costs, which will in turn increase the rental property’s value. Additionally, energy-efficient appliances can help to make your rental property stand out among competing rental properties.
This will give an incentive for prospective tenants to commit to a longer-term lease and help prevent vacancies. Not only do energy-efficient appliances take up less energy, but they also reduce noise, give cost savings, and improve the quality of life in the rental property.
2. Offering High-Speed Internet
High-speed internet is now expected in the digital world, and tenants will pay more to be able to access the internet at faster speeds. By offering high-speed internet, you are creating a premium experience. You are also giving tenants a feeling of satisfaction and luxury.
Additionally, it also increases connectivity and the value of your property. It will enhance the speed of electronic devices and avoid any downtime from slow or unreliable bandwidth. Finally, you can often negotiate lower rates with internet service providers for having a high volume of traffic, making it a cost-effective investment for your rental.
3. Upgrading Kitchen and Bathroom Fixtures
Upscale fixtures can add considerable value to a property and make it more attractive to prospective tenants. Upgraded bathrooms and kitchens can give prospective tenants more modern and luxurious amenities.
As a result, property upgrades could lead to higher rents, as people will be willing to pay a premium for a nicer living environment. High-end fixtures, such as granite countertops, tile and glass showers, and stainless steel appliances may also increase a rental’s appeal, as well as its value.
4. Adding Storage Areas
Adding storage areas to your rental house is one of the most intelligent investments you can make. It increases property value and functionality, making it more desirable and easier to rent. Storage spaces give tenants more space to stay organized.
It can also help reduce clutter and make the property look more appealing to prospective tenants. Moreover, if you’re running a short-term rental business, having enough storage areas for guests to store their luggage can create an excellent first impression and help rent the property faster.
Furthermore, creating extra storage areas requires minimal costs or effort. It can prove to be a great selling point when you decide to put the property on the market in the future. Thus, for long and short-term rental investments, adding a few extra storage spaces can be a smart move.
5. Landscaping
A landscaped rental property offers potential tenants an appealing property that will attract people to live there. It also adds to the value of the property, making it easier to rent out and even sell in the future. Landscaping comes in many forms, and can range from small do-it-yourself projects to full-scale enhancements with the help of a professional landscaping service.
When done, landscaping can not only make a rental property more attractive, but also increase the property value. Property owners should keep in mind that landscaping can pay for itself over time due to increased rental rates or by making the property easier to sell.
6. Repainting
Repainting is one of the most effective ways to increase the value of your rental house and make it more attractive to potential tenants. It can make a huge difference in the look and feel of any rental property and make it more desirable to prospective tenants.
Additionally, updated interiors can make the property safer and more attractive. Investing in a new coat of paint is not only a smart financial decision, but it also adds more value to the property.
7. Adding Off-Street Parking
It can add significant value to the property, making it more attractive to potential tenants. Furthermore, off-street parking, eliminates the struggles associated with tenant parking sharing and can help tenants feel more secure. Additionally, it can help to increase the rental yield as tenants often prefer a property that already has a parking space.
To make the most of the investment, detailed research should be done in regard to the area, any local restrictions, and the type of surface needed for the parking space. When the project is complete, the owner benefits from a higher return on the property, increased rent and higher demand for the property among tenants. In the long run, the investment pays for itself.
8. Investing in Solar Panels
Solar energy is becoming popular as a way to reduce energy costs and preserve the environment. The photovoltaic cells convert sunlight into electricity, which can be sold and systems can be installed that offer free energy to tenants and owners. Furthermore, with the rising cost of electricity, tenants can save on their energy bills.
Owners can often enjoy tax breaks and incentives from their local utility company. Investing in solar panels is an affordable way to make your rental property more valuable and appeal to environmentally-minded renters and buyers.
One of the top providers of solar energy solutions is Blue Raven Solar. Their energy packages come with services throughout the entire life of your solar energy system. This includes free consultation, professional system design and installation, ongoing inspection and maintenance.
Top Tips to Increase the Value of Rental Property Investment
Smart investments can give a lucrative return on your rental property. Utilizing methods such as maintenance and styling, upgrades and features, and professional management can all increase the value of your rental property significantly.
Investing in your property can be a great way to improve the value of your rental. Start making smart investments today and watch your property value soar. Would you like to read more articles on the industry? Check out the rest of our website!